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Community Insights
A blog by Compass Strata :: Explore . Engage . Empower
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Decisions, Decisions: Navigating Resolutions in Strata Meetings
In New South Wales (NSW), owners corporations play a pivotal role in managing strata properties. One of the essential aspects of their functioning is passing resolutions during meetings. These resolutions determine the course of action for various decisions and initiatives within the strata community. Let's delve into the different types of resolutions commonly encountered in owners corporation meetings in NSW. Ordinary Resolutions: Ordinary resolutions are the most common ty

Timothy Lee
2 min read


Short-Term Rental Accommodation in NSW Residential Strata Buildings
Short-term rental accommodation (STRA) has become increasingly popular, presenting both opportunities and challenges for property owners and residents in residential strata buildings across New South Wales (NSW). As the demand for holiday rentals surges, understanding the regulations governing STRA becomes paramount. Let's delve into the key features of STRA regulations and how they impact property owners and residents. Regulatory Framework for Short-Term Rental Accommodation

Timothy Lee
3 min read


The Link Between Your Community's Financial Health and Property Value
The financial health of your community plays a crucial role in determining the value of your property. Whether you're a homeowner, investor, or prospective buyer, understanding this link is essential for making informed decisions and safeguarding your investment. 1. Maintenance and Upkeep A financially stable community can afford regular maintenance and upkeep of common areas, amenities, and infrastructure. Well-maintained properties enhance curb appeal, attract potential buy

Timothy Lee
3 min read


Mastering Recycling: The Dos and Don'ts for a Sustainable Community
Navigating the world of recycling can be a bit perplexing at times. While we all aspire to do our part, the challenge often lies in deciphering what items are suitable for recycling and which ones aren't. Yet, beyond this complexity, another pressing concern looms large: contamination. This issue significantly affects the recyclable value of materials and amplifies the processing needed. In this comprehensive guide, we'll dive into the world of recycling within strata propert

Timothy Lee
2 min read


Proxies in Strata: What You Need to Know
If you're a part of a strata community, you've likely heard about proxies, but understanding the ins and outs can be a bit murky. Let's shine a light on this essential aspect of strata meetings and decision-making. Appointment of Proxies: Proxies must be submitted to the owners corporation's secretary at least 24 hours before the first meeting they're intended for (applicable to large schemes) or at or before the first meeting in relation to which it is to operate (for all ot

Timothy Lee
2 min read


The Essentials of Strata Renewal in NSW: Unlocking Potential
Strata renewal is a critical process for aging strata schemes in New South Wales (NSW), aimed at revitalising older buildings and enhancing their long-term viability. Governed by the Strata Schemes Development Act 2015 and the Strata Schemes Development Regulation 2016, the legislation provides a framework for owners to collectively undertake redevelopment or regeneration projects. In this article, we will explore the key aspects of strata renewal under the Act, outlining the

Timothy Lee
4 min read
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